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Watts Water Technologies Inc (WTS) stock

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NYSE: WTS NYSE Building Products Next results ~November 4, 2026

B+ Fundamentals grade

Watts Water Technologies Inc is a US-listed company in the building products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$320

Cash-flow model

Base case. Range ~$240–$420 across our lower- and higher-growth cases (8.7%–18.7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 12% above our base value.

Price used: $355.26, November 2, 2026

Watts Water Technologies Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 23 sales by directors and officers, last 12 monthsInsider trades
  • Funds283 adding, 239 cuttingOf 63 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Watts Water Technologies files

Where Watts Water Technologies stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.68bn, up 17.1% on a year earlier, faster than 14.2% a quarter earlier. Free-cash-flow margin held at 13.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $332 a share, against a share price of $357. At that price, our model says the market is pricing in about 15.1% a year of cash-flow growth for five years, faster than the 8.2% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Watts Water Technologies Inc's trailing-twelve-month revenue grew 17.1% year on year, with a free-cash-flow margin of 13.1%. Where it stands out: gross margin of 48.9% ranks 3 of 43 building products companies we cover.

Our discounted-cash-flow model values the business at ~$320 per share in the base case (~$240–$420 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 17.1% (+2.9pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 17.1% over the last 12 months, against a median of 4.0% for building products companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 6.3% over 90 days.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Insiders selling. 7 insiders sold $17M of stock over the past 365 days and none bought (7% under pre-set trading plans).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$3.66 against an average estimate of $3.34: beat by 9.7%
Revenue
$763m, up 18.6% on a year earlier
Share reaction
+5.3% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
net sales growth (reported) growth 14% to 17% (full year 2026); organic sales growth growth 8% to 11% (full year 2026)
Next report
November 4, 2026; average EPS estimate $3.14

Watts Water Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.2%
  • 1 week-3.4%
  • 1 month-2.2%
  • This year+29.4%
  • 1 year+31.3%
  • 5 years+92.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.7B
Operating margin
19.1%
Net margin
14.3%
EPS (TTM, diluted)
$11.46

Growth

Revenue growth
+17.1%
Change in growth rate
+2.9 pts
Share count change
+0.0%

Cash

Free cash flow (TTM)
$349M
FCF margin
13.1%
Stock pay % of revenue
0.9%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Insider trade
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Watts Water Technologies Inc valuation models and calculator

What the price is pricing in

The share price implies about 14.4% a year of cash-flow growth for five years.That is faster than the 8.2% a year revenue growth Watts Water Technologies has delivered.

  • Priced in14.4%
  • Last 12 months17.1%
  • 3 years a year10.3%
  • 5 years a year8.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($354.51, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$320
Price used
$354.51close November 3, 2026
Implied change
▼ 10%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Watts Water Technologies Inc's free cash flow after stock-based pay with after-tax interest added back ($349M, FY2026 Q2 TTM), growing 9.9% and 11.2% in the next two years (forecasts, guidance and its record), then back to 13.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$240–~$420 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Watts Water Technologies Inc's free cash flow after stock-based pay ( $349M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Watts Water Technologies Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$320 ~$240–$420 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$220 ~$200–$280 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$170 ~$130–$250 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$160 ~$140–$190 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$240 ~$160–$320 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Watts Water Technologies Inc with Building Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▼ −6%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $157$211$282$376$498$656
8.5% $122$161$212$280$367$479
10% $101$131$170$222$288$373

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$45.05$59.84$70.51$60.55$94.58$116.46$187.07$142.03$203.92$200.63$274.55$355.26
Market value$1.6bn$2.1bn$2.4bn$2.1bn$3.2bn$4.0bn$6.3bn$4.8bn$6.8bn$6.7bn$9.2bn$11.9bn
+ Net debt (− = net cash)$281m$315m$219m$151m$90m−$19m−$100m−$163m−$52m−$190m−$208m−$240m
Enterprise value$1.9bn$2.4bn$2.6bn$2.2bn$3.3bn$3.9bn$6.2bn$4.6bn$6.8bn$6.5bn$9.0bn$11.7bn
Multiples
Price / sales 1.1x1.5x1.7x1.3x2.0x2.6x3.5x2.4x3.3x3.0x3.8x4.4x
Price / earnings —24.5x33.2x16.2x24.6x34.6x38.3x19.0x26.1x23.1x27.0x31.0x
Price / free cash flow 19.2x20.2x19.2x15.6x19.6x21.4x41.2x24.4x24.3x20.6x25.8x34.1x
EV / EBITDA —12.1x12.3x9.4x13.6x17.3x21.9x13.0x17.2x14.7x17.8x20.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

71 /100

Strong moat

How hard Watts Water Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Cash operating profit has been a median 11.9% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 42.8%, moving by 2.8 percentage points (standard deviation) across 10 years.

  • Durability 14 / 20

    Operating margin has been a median 14.1%; its worst year was 10.5%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 12.4% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.3% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (76 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $693m and EPS of $3.14 (range $3.13 to $3.17) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $12.70 +20% $2.8bn +16%
Next $14.03 +10% $3.0bn +6%

Next year's EPS estimate has moved +6.3% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.1% on 90 days ago. In the last 30 days, 9 analysts raised Watts Water Technologies Inc's forecast and 0 cut it.

Consensus EPS forecast Watts Water Technologies Inc, last 90 days
$12.00 $12.50 $13.00 $13.50 $14.00 $14.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $12.08 Current fiscal year, 60 days ago: $12.86 Current fiscal year, 30 days ago: $12.86 Current fiscal year, 7 days ago: $12.70 Current fiscal year, Now: $12.70 $12.70 Next fiscal year, 90 days ago: $13.19 Next fiscal year, 60 days ago: $14.03 Next fiscal year, 30 days ago: $14.04 Next fiscal year, 7 days ago: $14.04 Next fiscal year, Now: $14.03 $14.03

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $12.08$13.19
60 days ago $12.86$14.03
30 days ago $12.86$14.04
7 days ago $12.70$14.04
Now $12.70$14.03

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $3.34 $3.66 +9.7%
Mar 2026 $2.69 $3.04 +13.0%
Dec 2025 $2.34 $2.62 +12.0%
Sept 2025 $2.26 $2.50 +10.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Net sales growth (reported) full year 2026 14% growth to 17% growth Raised
    “Sales growth is expected to range from up 14% to up 17% on a reported basis and up 8% to up 11% on an organic basis.” source
  • Organic sales growth full year 2026 8% growth to 11% growth Non-GAAP Raised
    “Sales growth is expected to range from up 14% to up 17% on a reported basis and up 8% to up 11% on an organic basis.” source
  • Operating margin full year 2026 19.4% to 20% GAAP Raised
    “Full year operating margin is expected to be between 19.4% and 20.0%, or up 100 basis points to up 160 basis points, and adjusted operating margin is expected to be between 19.8% and 20.4%, or up 20 basis points to up 80 basis points.” source
  • Adjusted operating margin full year 2026 19.8% to 20.4% Non-GAAP Raised
    “Full year operating margin is expected to be between 19.4% and 20.0%, or up 100 basis points to up 160 basis points, and adjusted operating margin is expected to be between 19.8% and 20.4%, or up 20 basis points to up 80 basis points.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Watts Water Technologies Inc's revenue by +9.9% next year and +11.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.7%, weight 54%) , management guidance (+8.2%, weight 20%) and the company's own record (+13.7%, weight 26%) . How the weights are set.

Analyst recommendations

10 analysts, Oct 2026
Buy330%
Hold770%
Sell00%

Monthly trend

  1. Oct 202612710
  2. Sep 202612710
  3. Aug 202612811
  4. Jul 202612912

Counts of recommendations published by analysts covering Watts Water Technologies Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.7%
of tradable shares
Days to cover
3.58
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.0%
of shares
Employees
5,700
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +31.3%

$270.64 on October 31, 2025 to $355.26

ThenNowEffect
Revenue (last 12 months) $2.3bn $2.7bn +17.1%
Net margin 13.6% 14.3% +5.2%
P/E multiple 29.1x 31.0x +6.6%
Share count 34m 34m 0.0%

Biggest factor: revenue.

Last 3 years +90.9%

$186.08 on November 3, 2023 to $355.26

ThenNowEffect
Revenue (last 12 months) $2.0bn $2.7bn +34.3%
Net margin 13.4% 14.3% +6.7%
P/E multiple 23.3x 31.0x +33.2%
Share count 34m 34m +0.1%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WTS+61%−24%+44%−2%+37%+29%
Industry peers (median)+22%−24%+45%+12%−12%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WTS67%42%67%50%83%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WTS−13%−40%−13%−19%−20%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 44% from November 10, 2021 to June 16, 2022. Getting back needed a 79% gain, reached on December 19, 2023, 551 days after the low.

Price behaviour

52-week range
$261.65 – $391.55
From 52-week high
−9.3%
vs 50-day average
−0.5%
vs 200-day average
+7.5%
Volatility (1 year)
28%
Beta vs S&P 500
0.88

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.3%
After a week
10 up, 2 down
typical move ±6.4%
After a month
6 up, 6 down
typical move ±6.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +5.3% −0.4% +7.9% −0.5%
May 6, 2026 +0.8% +1.1% +2.8% +7.9%
February 11, 2026 +6.7% −1.6% +4.5% −5.3%
November 5, 2025 −4.1% −0.7% +0.6% −0.6%
August 6, 2025 −1.2% +0.7% +5.1% +6.5%
May 7, 2025 +10.9% +1.1% +13.4% +15.7%
February 10, 2025 +9.6% +0.8% +6.4% +2.2%
October 30, 2024 −3.6% −2.3% +7.3% +9.3%
August 7, 2024 −5.7% +1.6% −7.4% −3.5%
May 8, 2024 +1.0% +0.6% +4.1% −10.4%
February 12, 2024 −7.8% −1.4% −8.9% −5.4%
November 1, 2023 +7.3% +3.0% +7.8% +13.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Watts Water Technologies Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

WTS Watts Water Technologies Inc Grade B+ $354.73

Own 100 shares, sell the $370 call expiring December 18, 2026 (46 days) for $9.80 a share — $980 per contract.

Previous session · Bid $9.80, ask $13.00, quoted Mon 2 Nov, 17:40 New York time with WTS at $354.73. Option prices move with the shares: check the live chain at your broker before trading.

  • If WTS ends below $370: you keep your shares and the $980 — 2.8% extra on the position, 21.9% a year at that pace.
  • If it ends above $370: your shares are sold at $370, a total return of 7.1% including the premium — at or above our value of ~$320.
$2.5k $0 −$6.9k Our value $320 Break-even $344.93 Price $354.73
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$980
Annualised
21.9%
Break-even
$344.93
Max gain
$2,507
Chance of selling
~42%

Results are expected around November 4, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Watts Water Technologies Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Watts Water Technologies Inc
$2B $2.2B $2.4B $2.6B $2.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2B Revenue (TTM), FY23 Q4: $2.1B Revenue (TTM), FY24 Q1: $2.2B Revenue (TTM), FY24 Q2: $2.2B Revenue (TTM), FY24 Q3: $2.3B Revenue (TTM), FY24 Q4: $2.3B Revenue (TTM), FY25 Q1: $2.2B Revenue (TTM), FY25 Q2: $2.3B Revenue (TTM), FY25 Q3: $2.4B Revenue (TTM), FY25 Q4: $2.4B Revenue (TTM), FY26 Q1: $2.6B Revenue (TTM), FY26 Q2: $2.7B $2.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2B
FY23 Q4 $2.1B
FY24 Q1 $2.2B
FY24 Q2 $2.2B
FY24 Q3 $2.3B
FY24 Q4 $2.3B
FY25 Q1 $2.2B
FY25 Q2 $2.3B
FY25 Q3 $2.4B
FY25 Q4 $2.4B
FY26 Q1 $2.6B
FY26 Q2 $2.7B
Revenue growth, TTM YoY Watts Water Technologies Inc
0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 3.0% Revenue growth, TTM YoY, FY23 Q4: 3.9% Revenue growth, TTM YoY, FY24 Q1: 8.4% Revenue growth, TTM YoY, FY24 Q2: 11.3% Revenue growth, TTM YoY, FY24 Q3: 12.4% Revenue growth, TTM YoY, FY24 Q4: 9.5% Revenue growth, TTM YoY, FY25 Q1: 3.9% Revenue growth, TTM YoY, FY25 Q2: 3.0% Revenue growth, TTM YoY, FY25 Q3: 4.2% Revenue growth, TTM YoY, FY25 Q4: 8.3% Revenue growth, TTM YoY, FY26 Q1: 14.2% Revenue growth, TTM YoY, FY26 Q2: 17.1% 17.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 3.0%
FY23 Q4 3.9%
FY24 Q1 8.4%
FY24 Q2 11.3%
FY24 Q3 12.4%
FY24 Q4 9.5%
FY25 Q1 3.9%
FY25 Q2 3.0%
FY25 Q3 4.2%
FY25 Q4 8.3%
FY26 Q1 14.2%
FY26 Q2 17.1%
Operating margin (TTM) Watts Water Technologies Inc
16% 17% 18% 19% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 16.9% Operating margin (TTM), FY23 Q4: 17.1% Operating margin (TTM), FY24 Q1: 16.8% Operating margin (TTM), FY24 Q2: 16.8% Operating margin (TTM), FY24 Q3: 16.8% Operating margin (TTM), FY24 Q4: 17.3% Operating margin (TTM), FY25 Q1: 17.0% Operating margin (TTM), FY25 Q2: 17.7% Operating margin (TTM), FY25 Q3: 18.0% Operating margin (TTM), FY25 Q4: 18.4% Operating margin (TTM), FY26 Q1: 19.3% Operating margin (TTM), FY26 Q2: 19.1% 19.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 16.9%
FY23 Q4 17.1%
FY24 Q1 16.8%
FY24 Q2 16.8%
FY24 Q3 16.8%
FY24 Q4 17.3%
FY25 Q1 17.0%
FY25 Q2 17.7%
FY25 Q3 18.0%
FY25 Q4 18.4%
FY26 Q1 19.3%
FY26 Q2 19.1%
FCF margin (TTM) Watts Water Technologies Inc
12% 13% 14% 15% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 15.5% FCF margin (TTM), FY23 Q4: 13.7% FCF margin (TTM), FY24 Q1: 13.4% FCF margin (TTM), FY24 Q2: 13.8% FCF margin (TTM), FY24 Q3: 13.2% FCF margin (TTM), FY24 Q4: 14.5% FCF margin (TTM), FY25 Q1: 15.0% FCF margin (TTM), FY25 Q2: 13.9% FCF margin (TTM), FY25 Q3: 14.6% FCF margin (TTM), FY25 Q4: 14.6% FCF margin (TTM), FY26 Q1: 12.4% FCF margin (TTM), FY26 Q2: 13.1% 13.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 15.5%
FY23 Q4 13.7%
FY24 Q1 13.4%
FY24 Q2 13.8%
FY24 Q3 13.2%
FY24 Q4 14.5%
FY25 Q1 15.0%
FY25 Q2 13.9%
FY25 Q3 14.6%
FY25 Q4 14.6%
FY26 Q1 12.4%
FY26 Q2 13.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,226 1,275 1,407 1,427 1,474 1,514 1,468 1,398 1,457 1,565 1,601 1,509 1,809 1,980 2,056 2,252 2,439 2,677
Gross profit 435 465 508 514 527 542 553 566 602 657 678 625 767 874 961 1,062 1,206 1,308
EBITDA 139 159 181 172 160 154 −38 196 215 237 244 228 285 355 394 445 505 572
Operating income 92 114 134 123 112 105 −90 145 162 188 197 181 240 315 351 390 448 512
Net income 17 59 66 68 59 50 −113 84 73 128 132 114 166 252 262 291 341 384
Diluted EPS $0.47 $1.57 $1.78 $1.90 $1.65 $1.42 −$3.24 $2.44 $2.12 $3.73 $3.85 $3.36 $4.88 $7.48 $7.82 $8.69 $10.17 $11.46
Growth (year on year)
Revenue −14.4% +4.0% +10.4% +1.4% +3.2% +2.7% −3.0% −4.7% +4.2% +7.4% +2.3% −5.7% +19.9% +9.4% +3.9% +9.5% +8.3% +17.1%
EBITDA +6.8% +14.4% +14.1% −5.3% −6.6% −4.3% −124.6% — +9.3% +10.4% +2.9% −6.6% +25.1% +24.6% +11.1% +12.8% +13.5% +24.1%
Operating income −6.5% +23.9% +16.9% −7.6% −9.6% −5.5% −185.5% — +11.9% +16.1% +4.6% −8.1% +32.3% +31.5% +11.4% +11.3% +14.8% +26.4%
Net income −62.7% — +12.9% +3.0% −14.3% −14.2% −324.5% — −13.2% +75.1% +2.7% −13.1% +45.0% +51.8% +4.2% +11.1% +17.0% +23.2%
Diluted EPS −62.7% — +13.4% +6.7% −13.2% −13.9% −328.2% — −13.1% +75.9% +3.2% −12.7% +45.2% +53.3% +4.5% +11.1% +17.0% +23.2%
Margins
Gross margin 35.5% 36.5% 36.1% 36.0% 35.7% 35.8% 37.7% 40.4% 41.4% 42.0% 42.3% 41.5% 42.4% 44.2% 46.7% 47.2% 49.5% 48.9%
EBITDA margin 11.3% 12.5% 12.9% 12.0% 10.9% 10.1% −2.6% 14.0% 14.7% 15.1% 15.2% 15.1% 15.7% 17.9% 19.2% 19.7% 20.7% 21.4%
Operating margin 7.5% 9.0% 9.5% 8.6% 7.6% 7.0% −6.1% 10.4% 11.1% 12.0% 12.3% 12.0% 13.2% 15.9% 17.1% 17.3% 18.4% 19.1%
Net margin 1.4% 4.6% 4.7% 4.8% 4.0% 3.3% −7.7% 6.0% 5.0% 8.2% 8.2% 7.6% 9.2% 12.7% 12.7% 12.9% 14.0% 14.3%
Free-cash-flow margin 14.7% 7.0% 7.4% 7.0% 6.1% 7.4% 5.6% 7.3% 8.7% 8.5% 10.3% 12.3% 8.5% 9.9% 13.7% 14.5% 14.6% 13.1%
Cash flow
Cash from operations 205 113 126 130 118 135 109 138 156 169 194 229 181 224 311 361 402 398
Capital spending 24 25 23 31 28 24 28 36 29 36 29 44 27 28 30 35 46 49
Free cash flow 180 89 104 100 91 112 82 102 127 134 165 185 154 196 281 326 356 349
Stock-based pay 5 5 8 7 10 9 11 13 14 14 18 13 23 18 20 20 21 25
Free cash flow after stock pay 176 84 95 93 81 103 71 89 113 120 147 172 131 178 261 306 335 324
Balance sheet
Cash 258 329 251 271 268 301 296 338 280 204 220 219 242 311 350 387 406 348
Total debt 355 379 399 385 308 580 577 654 500 355 310 200 142 148 298 197 198 108
Net debt (negative = net cash) 97 50 149 113 40 279 281 315 219 151 90 −19 −100 −163 −52 −190 −208 −240
Diluted shares 37m 37m 38m 36m 36m 35m 35m 35m 34m 34m 34m 34m 34m 34m 34m 34m 34m 34m
Returned to shareholders
Dividends 16 16 16 16 18 21 23 25 26 28 31 31 34 40 47 56 67 74
Buybacks — — 27 66 23 40 45 27 18 26 20 29 16 69 16 17 16 16
Total returned 16 16 44 82 41 60 68 51 44 54 51 60 50 109 63 73 83 90

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · June 28, 2026
What it owns · $3.0bn
Short-term assets $1.4bnLonger-term assets $1.6bn
What it owes, and who funded it · $2.7bn
Short-term liabilities $513mShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $513m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $348m of cash against $108m of debt.
  • Debt below 40% of shareholders' equity Debt is 5% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 12% to 5% over five years.
  • A year's operating cash flow covers at least 20% of debt $398m of operating cash flow against $108m of debt.
  • Operating profit covers interest at least five times over Operating income of $512m against $10m of interest.

From Watts Water Technologies Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$16M
Dividends (TTM)
$73.7M
Returned to shareholders
26%
of free cash flow
Buybacks, last 3 fiscal years
$49M
Diluted share count
0.0%
year over year
Total shareholder yield
0.8%
dividends 0.6% + buybacks 0.1% of market value
Dividend payout ratio
19%
of net income paid out
R&D spending
3.0%
of revenue
Sales & admin spending
29.4%
of revenue
Days sales outstanding
55 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated WTS SPXC MBC SSD JELD WMS Median
Revenue, last 12 months $2.7bn $2.6bn $2.8bn $2.4bn $3.2bn $3.2bn $1.8bn
Revenue growth, last 12 months 17.1% 20.2% −0.0% 6.5% −8.1% 10.4% 3.7%
Revenue growth, 3-year average 10.3% 15.2% −2.7% 3.9% −11.4% 3.2% 3.6%
Revenue growth, latest quarter 18.6% 20.5% 11.5% 6.3% −0.7% 20.6% 8.0%
Gross margin 48.9% 39.9% 26.9% 45.7% 15.5% 38.6% 32.0%
Operating margin 19.1% 16.1% −1.1% 20.6% −8.8% 20.7% 7.0%
Operating margin, 3-year average 17.9% 15.5% 5.7% 20.0% −5.6% 22.3% 10.7%
Net margin 14.3% 11.5% −3.5% 15.6% −16.4% 14.0% 5.1%
Cash from operations / revenue 14.9% 14.4% 5.3% 23.7% −1.8% 25.0% 12.4%
Free-cash-flow margin 13.1% 8.7% 2.7% 19.3% −5.1% 17.1% 8.9%
Free-cash-flow margin, 3-year average 13.6% 10.7% 5.8% 10.9% −2.5% 16.2% 8.5%
Stock pay / revenue 0.9% 0.7% 0.8% 0.9% 0.5% 1.2% 0.7%
Change in share count 0.0% 6.2% 3.0% −1.4% 1.1% −0.1% −0.6%

Median of all 46 companies we cover in building products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth 17.1% 4.0% 7 of 46
Change in growth rate Growth +2.9pp +0.8pp 9 of 46
Gross margin Profitability 48.9% 32.1% 3 of 43
Operating margin Profitability 19.1% 7.2% 9 of 45
Net margin Profitability 14.3% 5.6% 7 of 46
Free-cash-flow margin Cash generation 13.1% 9.1% 17 of 46
Stock pay as % of revenue Cash generation 0.9% 0.7% 26 of 41
Long-term debt as % of assets Balance sheet 3.7% 25.7% 4 of 37
Change in share count Balance sheet 0.0% -0.6% 29 of 44
Days sales outstanding Balance sheet 55 days 53 days 20 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Americas $1.8B 75.8% ▲ 11.0%
Europe $451M 18.5% ▼ 0.6%
Asia Pacific Middle East and Africa $140M 5.8% ▲ 4.8%
Products and services
Line of business Revenue Share YoY
Residential and Commercial Flow Control $1.5B 61.0% ▲ 9.6%
HVAC and Gas $572M 23.5% ▲ 5.1%
Drains and Water Reuse $262M 10.7% ▲ 8.6%
Water Quality $116M 4.8% ▲ 6.3%
Geography
Region Revenue Share YoY
Americas $1.8B 75.8% ▲ 11.0%
Europe $451M 18.5% ▼ 0.6%
Asia Pacific Middle East and Africa $140M 5.8% ▲ 4.8%

From Watts Water Technologies Inc's 10-K filed February 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$10.5B
Institutions reporting
576
Shares held vs prior quarter
▲ 2.0%
Positions opened / closed
108 / 51

Top buyers and sellers, Q2 2026: 283 institutions bought and 239 sold ; the biggest buyer was Capital World Investors (+659K shares) and the biggest seller Blackrock, Inc (−854K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 2.8M 10.5% ▼ 23.2%
Kayne Anderson Rudnick Investment Management LLC $777M 2.0M 7.4% ▼ 6.7%
Vanguard Portfolio Management LLC $586M 1.5M 5.6% ▼ 9.9%
Vanguard Capital Management LLC $484M 1.2M 4.6% ▲ 0.8%
Boston Partners $390M 997K 3.7% ▲ 32.0%
State Street Corp $334M 853K 3.2% ▼ 14.0%
Geode Capital Management, LLC $301M 768K 2.9% ▼ 16.5%
Price T Rowe Associates Inc $264M 673K 2.5% ▼ 22.5%
Capital World Investors $258M 659K 2.5% New
First Trust Advisors LP $214M 546K 2.0% ▲ 0.2%
Impax Asset Management Group PLC $213M 543K 2.0% ▼ 7.6%
Dimensional Fund Advisors LP $206M 527K 2.0% ▲ 1.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Watts Water Technologies Inc's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $17.4M 23 trades by 7 insiders · 7% under pre-set plans
Net ▼ $17.4M net selling
Insider Date Trade Shares Price Value
Melhem Elie President- APAC, M. East, Afr. September 4, 2026 Sell 1,096 $359.55 $394,067
Noonan Joseph T Director September 1, 2026 Sell 1,466 $353.63 $518,422
Noonan Joseph T Director September 1, 2026 Sell 1,266 $354.62 $448,949
Noonan Joseph T Director September 1, 2026 Sell 918 $352.62 $323,705
Dubose Michael J. Director May 28, 2026 Sell 398 $309.63 $123,233
Melhem Elie President- APAC, M. East, Afr. May 13, 2026 Sell 2,257 $301.00 $679,357
Melhem Elie President- APAC, M. East, Afr. March 19, 2026 Sell pre-set plan 372 $292.13 $108,672
Melhem Elie President- APAC, M. East, Afr. March 18, 2026 Sell pre-set plan 379 $300.03 $113,711
Melhem Elie President- APAC, M. East, Afr. March 17, 2026 Sell pre-set plan 3,029 $303.05 $917,938
Dubose Michael J. Director March 12, 2026 Sell 332 $301.70 $100,164
Horne Timothy P 10% owner February 20, 2026 Sell 7,500 $330.04 $2.5M
Pagano Robert J Jr President and CEO February 19, 2026 Sell 1,994 $328.55 $655,129

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in Watts Water Technologies Inc disclosed in the last 12 months; 3 earlier trades on record.

  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded June 24, 2019, filed April 27, 2020
  • Suzan K. DelBene(D-WA 1):Sale (full), $15,001 - $50,000, traded June 9, 2016, filed July 13, 2016
  • Suzan K. DelBene(D-WA 1):Purchase, $1,001 - $15,000, traded July 27, 2015, filed August 10, 2015

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 11, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Watts Water Technologies Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Watts Water Technologies Inc in brief

What does Watts Water Technologies Inc do?
Watts Water Technologies Inc is a US-listed company in the building products industry. Its financial year ends in December.
What is Watts Water Technologies Inc's stock ticker?
Watts Water Technologies Inc trades under the ticker WTS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Watts Water Technologies Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Watts Water Technologies Inc reported revenue of $2.7B, 17.1% higher than a year earlier, according to its SEC filings.
What is Watts Water Technologies Inc's free cash flow?
Watts Water Technologies Inc's free-cash-flow margin is 13.1% of revenue over the trailing twelve months, ranking 17 of the 46 building products companies we cover.
What is Watts Water Technologies Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Watts Water Technologies Inc's free cash flow after stock-based pay gives ~$320 per share in the base case, and ~$240–$420 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Watts Water Technologies Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Kayne Anderson Rudnick Investment Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Watts Water Technologies Inc buying back stock, and does it pay a dividend?
Watts Water Technologies Inc spent $16M on share repurchases over the trailing twelve months, and its diluted share count fell 0.0% over the year.
What is Watts Water Technologies Inc's market cap?
On November 2, 2026, Watts Water Technologies Inc's market capitalisation was about $11.9B, with a price-to-earnings ratio of 31.0 and net debt of -$240M. Market figures come from third-party market data and may be delayed.
Does Watts Water Technologies Inc pay a dividend?
Yes: Watts Water Technologies Inc paid $73.7M in dividends over the trailing twelve months, a dividend yield of 0.62% and a payout ratio of 19.2%.
How much debt does Watts Water Technologies Inc have?
Watts Water Technologies Inc's debt-to-equity ratio is 4.9%, from its latest balance sheet (12.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Watts Water Technologies Inc's competitors?
In our Building Products peer group, the companies closest to Watts Water Technologies Inc are SPX Technologies, Inc., Masterbrand, Inc., Simpson Manufacturing Co., Inc., Jeld-wen Holding, Inc. and Advanced Drainage Systems, Inc. The side-by-side comparison below sets their revenue, margins and growth against Watts Water Technologies Inc's.
Are insiders buying or selling Watts Water Technologies Inc stock?
Over the last 12 months, Watts Water Technologies Inc's directors and officers reported 0 open-market purchases and 23 sales on Form 4. The insider trading page charts every trade.
When is Watts Water Technologies Inc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Watts Water Technologies Inc announces its own schedule.